53 Observatory Lane, Richmond Hill, ON L4C 8K9
Observatory, Richmond Hill · Near YONGE - WELDRICK · View map
About this home
HIGH CEILINGS. BIG POSSIBILITIES. YOUR NEXT FITNESS, DANCE OR EDUCATION DESTINATION! Discover approx. 4,305 sq. ft. of commercial space in the heart of Downtown Richmond Hill, offering an exciting opportunity to establish a distinctive business in an excellent location. The standout feature is the impressive HIGH CEILINGS, creating a spacious, uplifting atmosphere that brings an entirely different dimension to the customer experience. For operators envisioning an energetic fitness centre, boutique gym, dance academy or inspiring learning environment, this space deserves a closer look. Imagine group fitness classes, personal training, yoga, Pilates, martial arts, dance instruction, tutoring or educational programs, subject to zoning, landlord consent and required approvals. The generous floor area offers scope to explore training, teaching and activity zones tailored to your concept, subject to the existing layout and any necessary alterations. TEN ALLOCATED PARKING SPACES, together with visitor parking availability, add everyday convenience for members, students, instructors and guests. A compelling combination of size, ceiling height, parking and location for operators ready to grow their brand or introduce a fresh concept to Richmond Hill. Net Rent: $20.00/sq. ft./year. TMI: $12.00/sq. ft./year. Combined quoted rate: $32.00/sq. ft./year, plus HST, utilities and other applicable charges. Bring your vision, explore the possibilities and experience the impact of these high ceilings in person. BOOK YOUR PRIVATE SHOWING!
The home
- Type
- Commercial retail
- Square footage
- 4305.5 sq ft
- Lot size
- 200.2 x 615.6 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Garage
- Outside/Surface
- Driveway spaces
- 10
- Total parking
- 10
Taxes & other
- Property taxes
- $80,000/yr
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- TBA
- Cross street
- YONGE - WELDRICK
- Neighbourhood
- Observatory
More
- MLS® number
- N13749384
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
53 Observatory Lane, Richmond Hill, ON L4C 8K9
Observatory, Richmond Hill · Near YONGE - WELDRICK
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Listing history for 53 Observatory Lane
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 53 Observatory Lane
Answers come straight from this home’s MLS® listing.
How much is 53 Observatory Lane listed for, and what would it cost each month?
53 Observatory Lane is listed for $20. With 20% down ($4), the mortgage payment would be roughly $0 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $6,667 a month, all in. That figure is an illustration, not a quote.
Is 53 Observatory Lane freehold or a condo, and is there a monthly fee?
53 Observatory Lane is a commercial retail in Observatory, Richmond Hill. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 53 Observatory Lane have a garage and parking?
Yes. The listing shows the garage as outside/surface. The driveway adds 10 spaces. In total the listing counts 10 parking spaces.
What style of home is 53 Observatory Lane?
53 Observatory Lane is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 53 Observatory Lane, and what is the lot size?
The lot is listed as 200.2 x 615.6 ft.
How is 53 Observatory Lane heated and cooled?
Heating is gas forced air open. Cooling is yes.
What are the property taxes for 53 Observatory Lane?
Property taxes are $80,000 a year (2025), or about $6,667 a month.
Where is 53 Observatory Lane?
53 Observatory Lane is in the Observatory community of Richmond Hill. The nearest main intersection is YONGE - WELDRICK. The postal code is L4C 8K9.
Is 53 Observatory Lane still for sale?
Yes. It is an active listing (MLS® N13749384). Listings here update from the board through the day and come down once a home sells.
What have homes at 53 Observatory Lane sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 53 Observatory Lane?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Courtesy of: REMAX YOUR COMMUNITY REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.